Stephens Inc. AR grew its position in shares of Weatherford International plc (NYSE:WFT) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,708 shares of the oil and gas company’s stock after buying an additional 25,400 shares during the quarter. Stephens Inc. AR’s holdings in Weatherford International were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC lifted its position in Weatherford International by 241.8% during the fourth quarter. Virtu Financial LLC now owns 360,167 shares of the oil and gas company’s stock worth $201,000 after buying an additional 254,792 shares in the last quarter. Bank of Montreal Can raised its position in Weatherford International by 14.3% in the fourth quarter. Bank of Montreal Can now owns 586,902 shares of the oil and gas company’s stock valued at $327,000 after purchasing an additional 73,598 shares during the period. Signition LP purchased a new stake in Weatherford International in the fourth quarter valued at $166,000. Perella Weinberg Partners Capital Management LP raised its position in Weatherford International by 48.3% in the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 34,476,124 shares of the oil and gas company’s stock valued at $19,272,000 after purchasing an additional 11,221,106 shares during the period. Finally, Teton Advisors Inc. purchased a new stake in Weatherford International in the fourth quarter valued at $328,000. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE WFT opened at $0.06 on Friday. Weatherford International plc has a twelve month low of $0.22 and a twelve month high of $3.75. The firm has a market capitalization of $60.33 million, a PE ratio of -0.10 and a beta of 2.11.

A number of equities research analysts have commented on the company. Credit Suisse Group restated a “buy” rating and issued a $1.00 target price on shares of Weatherford International in a research report on Sunday, February 3rd. Zacks Investment Research upgraded Weatherford International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Griffin Securities restated a “buy” rating on shares of Weatherford International in a research report on Wednesday, February 27th. Finally, Wells Fargo & Co downgraded Weatherford International to a “sell” rating in a research report on Tuesday, May 14th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.63.

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Weatherford International Company Profile

Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing and fluid systems, cementing, and coiled-tubing intervention; and drill stem test tools, and surface well testing and multiphase flow measurement services.

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Institutional Ownership by Quarter for Weatherford International (NYSE:WFT)

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